THELOGICALINDIAN - NEOUSD TECHNICAL ANALYSIS
Including today’s candlestick, we can achieve that the aftermost 3 candlesticks were presentative of a accumbent alliance consistent into dojis. The abstruse appellation for such accumulation is a “spinning top”. In the absolute sense, there was bargain animation and accord levels abide collapsed over the aforementioned aeon as apparent by beneath boilerplate volumes. Furthermore, the amount is still aquiver aural 09.10.2024 Hi-Los-a bound $9 range. However, affairs of a breach beneath acting abutment of $25, and a consistent buck activate charcoal high. Sellers should absolutely activate affairs and aim at $20 and $14 respectively. A reliable stop accident should be placed aloft today’s highs at about $30. Refer Figure 1 (above): NEOUSD-Daily Chart-12.10.2024
DASHUSD TECHNICAL ANALYSIS
Yesterday’s and today’s candlesticks concluded up testing abutment angry attrition trend band and the 20 aeon MA as amount confused college aloft $315. It is additionally acceptable that today’s candlestick ability end up as a doji with a continued high wick acceptation advertise pressure. If sustained, again we absorb our buck anticipation and access abbreviate in abbreviate time frames-I acclaim 4hr blueprint and annihilation lower by the way. I will reiterate that any bullish amount abutting aloft $320 accompanied by a aciculate bullish aggregate fasten agency abandoning our abbreviate projections. Overly, I abide bearish and the contempo DASH acknowledgment offers a absolute shorting opportunity. Sellers should access short, abode a stop accident aloft $320 and aim at $220.
IOTUSD TECHNICAL ANALYSIS
At the end of the day, the attrition trend band fatigued from 30.09.2024 and 08.10.2024 highs managed to adios added amount appreciation. With a highs of about $0.49, yesterday’s candlestick bankrupt as a doji and was followed by added amount abrasion today. $0.45 is our abutment and it is acceptable that it will be broken. If it happens, sellers should admit positions with a stop accident aloft $0.50 and aim at $0.30 which is addition attrition angry support.
MONERO-XMRUSD TECHNICAL ANALYSIS
I had to zoom this out for you to acutely see. One affair is for sure, there was a bright breach beneath abutment trend band on 09.10.2024 and that constituted a buck breach out. No agnosticism about that. Secondly, as a affection of a breakout, there charge be a retest. The abutment angry attrition trend band was retested on 10.10.2024 and 11.10.2024 at about $86. Today amount accomplished a aerial of $89 but again attending at the advertise pressure. Bears are jumping in and active prices lower as apparent by that continued high wick consistent in a acting astern bang as the day progress. Given these abstruse formations, I’m net bearish.
LSKUSD TECHNICAL ANALYSIS
Over the aftermost 4 days, a archetypal Evening Star changeabout arrangement was formed. In fact, with a aerial of $5.5 on 11.10.2024, amount activity activated the all-important abutment angry attrition trend line. This akin of attrition defines amount activity trend in the abbreviate term. As adumbrated yesterday, it is acute for prices to break beneath $5.5 if bears are to profit. Today, prices trended alike college testing $5.9. However, candlestick characteristics appearance that amount was bound alone and sellers jumped in as apparent by that continued high wick. Amount is currently aloof beneath the circadian attrition trend band and the 20 aeon MA at about $5.2. Further abrasion agency that circadian attrition akin holds and we abide selling.
